Question

The following selected amounts are available for Vizio Company. Retained earnings (beginning) $1,600 Net loss 300 Cash dividends declared 200 Stock dividends declared 200 What is its ending retained earnings balance

Answer 1

Answer:

$900

Explanation:

With regards to the above, the ending retained earnings balance is calculated as

= Beginning retained earnings - Net loss - Cash dividends declared - Stock dividends declared

= $1,600 - $300 - $200 - $200

= $900.

Therefore, the ending retained earnings balance is $900